AmpliTech Group, Inc. announced on December 11, 2024, that it has entered into agreements with institutional investors for a registered direct offering. The offering involves the purchase of 1,352,500 shares of common stock at an offering price of $1.60 per share.
The gross proceeds to the company from this registered direct offering are estimated to be approximately $2.2 million, before deducting placement agent's fees and other estimated offering expenses. The offering is expected to close on or about December 13, 2024, subject to customary closing conditions.
Maxim Group LLC is acting as the sole placement agent in connection with the offering. The capital raised is intended to support AmpliTech's business plan and strategic initiatives in its various high-growth markets.
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